Zhao’s announcement caused a mass reaction and many users are wondering why so many cryptocurrencies and blockchain would be needed. Considering the CEO’s earlier statements it remains to be seen how Binance will approve and manage those “millions of coins”. Back in August, Zhao declared:

“We don’t list shitcoins even if they pay 400 or 4,000 BTC. [Ethereum, NEO, Ripple, EOS, Monero and Litecoin and more] listed with no fee. Question is not ‘how much does Binance charge to list?’ but ‘is my coin good enough?’ It’s not the fee, it’s your project! Focus on your own project!”

Furthermore, Changpeng Zhao refrained himself from offering any predictions regarding Bitcoin’s price because he thinks his words will be taken as manipulation. He said:

“I try not to predict the future bitcoin price because anything I say will be seen as manipulation. So I lost that part of free speech.”

He also revealed that he got a tattoo of the Binance logo to show his commitment. His decision is detailed in this Medium post, where he also explained how Binance vets coins to be listed on the exchange. It turns out one of the most important things the company pays attention to is the founders’ dedication.